Algonquin Power & Utilities (TSE:AQN) Shares Pass Above 200 Day Moving Average - Time to Sell?

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.23 and traded as high as C$8.10. Algonquin Power & Utilities shares last traded at C$8.07, with a volume of 1,117,830 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on AQN. BMO Capital Markets lowered Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. National Bank Financial downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 price objective for the company. in a report on Tuesday, June 3rd. Finally, TD Securities upped their price objective on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a "hold" rating in a report on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$6.63.

Algonquin Power & Utilities Stock Up 0.6%

The firm has a fifty day simple moving average of C$7.86 and a 200-day simple moving average of C$7.23. The company has a market capitalization of C$4.40 billion, a P/E ratio of -4.07, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.